Transaction Obligor definition

Transaction Obligor means an Obligor, the Shareholder, any Approved Manager who is a member of the Group or any other member of the Group who executes a Transaction Document.

Transaction Obligor means each Obligor, any Vessel Manager that is a member of the Group or any other member of the Group who executes a Loan Document;

Transaction Obligor means an Obligor, the Collateral Guarantor, the Collateral Shareholder any Approved Manager (other than Fidelity Marine (for so long it is not a member of the Group) and V.Ships) or any other person (except a Finance Party) who executes a Transaction Document.

Examples of Transaction Obligor in a sentence

• The Security Agent shall be entitled to accept without enquiry, and shall not be obliged to investigate, any right and title that any Transaction Obligor may have to any of the Security Assets and shall not be liable for or bound to require any Transaction Obligor to remedy any defect in its right or title.

• Any settlement or discharge under any Finance Document between any Finance Party and any Transaction Obligor shall be conditional upon no security or payment to any Finance Party by any Transaction Obligor or any other person being set aside, adjusted or ordered to be repaid, whether under any insolvency law or otherwise.

• This guarantee is a continuing guarantee and will extend to the ultimate balance of sums payable by any Transaction Obligor under the Finance Documents, regardless of any intermediate payment or discharge in whole or in part.

• All payments to be made by a Transaction Obligor under the Finance Documents shall be calculated and be made without (and free and clear of any deduction for) set-off or counterclaim.

• No Transaction Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

More Definitions of Transaction Obligor

Transaction Obligor means any person that is a party to a Finance Document (other than a Finance Party).

Transaction Obligor means each Obligor, each Bareboat Charterer, any Approved Technical Manager who is a member of the Group or any other member of the Group who executes a Transaction Document.

Transaction Obligor means each of:

Transaction Obligor means the borrower of any Transaction Advance.

Transaction Obligor means an Obligor, any Approved Manager or any other person who executes a Transaction Document.

Transaction Obligor means an Obligor, any Approved Manager or any other person who executes a Transaction Document (other than a Finance Party, any Charterer and any Affiliate of the Parent Guarantor which is a Subordinated Creditor).

Transaction Obligor has the meaning given to it in the Amended and Restated Facility Agreement.